Infosys Ltd's share price rose as much as 3 per cent after the company posted a 21 per cent rise in quarterly net profit, beating analysts' estimates - Infosys is India's second-largest software services exporter, .

Infosys, whose customers include Bank of America Corp and BT Group Plc, said profit for the three months ended December 31 was Rs 2,875 crore ($463 million), compared with the average estimate of Rs 2,715 crore by 21 analysts, according to Thomson Reuters I/B/E/S.

Infosys shares was trading 2.84 per cent up to Rs 3,549.00 at 12.50 pm.